Bloomberg has expanded its electronic trading workflow to asset-backed securities (ABS) in a bid to streamline execution workflows and reduce manual operations.
Part of Bloomberg’s Electronic Markets suite, the structured workflow will initially be rolled out in the US and EMEA. Using straight-through processing, it is designed to enhance the bids Wanted in Competition/Offers Wanted in Competition (BWIC/OWIC) process including deal entry, analytics and multi-dealer execution.
A structured bid list workflow allows clients to submit securities, either manually or as lists, to multiple dealers with defined response windows. Users can then execute against the most competitive pricing or evaluate bids on an individual basis.
Winning and non-winning bids can all be evaluated by users, allowing for greater dealer performance analysis.
The service provides users with pre-populated fields to streamline order workflows.
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